As i was listening to improved numbers in the housing market on NPR this morning, i was thinking a few steps ahead of the story. There was the caveat that we’re not out of the woods yet along with the mention that it’ll take awhile for a full recovery. Part of me was just exasperated. This housing-baking-economic crisis didn’t just happen in the last year of Bush’s term. Those of us who weren’t wealthy were already singing the blues about housing prices, job losses, the cost of health care – often to be criticized as negative nellies. It wasn’t until the economic downturn hurt those with the deepest coffers that all of this became newsworthy throughout the media. No surprise the quick fix helped the wealthiest first.

There’s a long tough road to hoe, and we’d better get it right this go round (fingers crossed).

Are you saying that DC is declaring TARP a success by only counting the profitable parts?

That’s preposterous!

Next, you’ll tell us that a firm can make the entire month of December disappear from quarterly balance sheets to hide their real losses!